Earlier Report Observations
The market for non-rendered pig fat in Trinidad and Tobago experienced notable shifts from 2018 to 2021. Market volume rose to 313 tonnes in 2019, supported by a significant import volume of 60 tonnes that year, which coincided with a decline in global export prices for pig fat, making imports more cost-effective. This was followed by a sharp contraction to 231 tonnes in 2020 and a recovery to 263 tonnes in 2021.
After 2021, the market entered a period of stabilization, with volumes hovering around 252-253 tonnes in 2022 and 2023. This plateau reflected broader flat trends in the country's meat production and export activity, as indicated by industry reviews. The context of Trinidad and Tobago's modest livestock sector size and a gradual consumer shift toward poultry and processed meats provided a backdrop for the steady demand.
Looking at 2024, market monitoring reports highlight ongoing interest in the fats sector, with global supply chain factors and competitive pricing continuing to influence dynamics, while consumer preference trends further shape the market environment.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Trinidad and Tobago
- 5.1.1. Annual dynamics of production in Trinidad and Tobago in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Trinidad and Tobago in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Trinidad and Tobago
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Trinidad and Tobago in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Trinidad and Tobago by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Trinidad and Tobago in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Trinidad and Tobago by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Trinidad and Tobago, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Trinidad and Tobago by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Trinidad and Tobago in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Trinidad and Tobago by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Trinidad and Tobago in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Trinidad and Tobago by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Trinidad and Tobago, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Trinidad and Tobago by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, kg
- 7.1.2.1. Annual dynamics of product's exports from Trinidad and Tobago in kind, 2018-2024, kg
- 7.1.2.2. Dynamics of product's exports in kind from Trinidad and Tobago by countries, 2018-2024, kg
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, $ US
- 7.1.3.1. Annual dynamics of product's exports from Trinidad and Tobago in value, 2018-2024, $ US
- 7.1.3.2. Dynamics of product's exports in value from Trinidad and Tobago by countries, 2018-2024, $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Trinidad and Tobago, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Trinidad and Tobago by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, kg
- 7.2.2.1. Annual dynamics of product's exports from Trinidad and Tobago in kind, 2018-2024, kg
- 7.2.2.2. Dynamics of product's exports in kind from Trinidad and Tobago by countries, 2018-2024, kg
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, $ US
- 7.2.3.1. Annual dynamics of product's exports from Trinidad and Tobago in value, 2018-2024, $ US
- 7.2.3.2. Dynamics of product's exports in value from Trinidad and Tobago by countries, 2018-2024, $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Trinidad and Tobago, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Trinidad and Tobago by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, kg
- 8.1.2. In value, $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, kg
- 8.2.2. In value, $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production non-rendered pig fat free of lean meat in Trinidad and Tobago
In kind, 2017-2020, t
Top producers of non-rendered pig fat free of lean meat, 2017-2020
World map of production of non-rendered pig fat free of lean meat, 2017-2020
Production of non-rendered pig fat free of lean meat in Trinidad and Tobago fell for the second year in a row. In 2020, output reached 230.5 t, representing a moderate decline of 8.9% compared to 2019. Over the 2017-2020 period, production dropped by 19.9%, with an average annual decrease of 7.1%. The highest production level was recorded in 2018 at 306.8 t, which saw a 6.6% increase. The most significant decline occurred in 2019, when production fell by 17.5%.
Annual dynamics of production in Trinidad and Tobago in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 6.6% | (17.5%) | (8.9%) | (7.1%) |
Exports non-rendered pig fat free of lean meat from Trinidad and Tobago
Exports in kind, kg
Annual dynamics of product's exports from Trinidad and Tobago in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, Germany accounted for virtually all of Trinidad and Tobago's exports of non-rendered pig fat free of lean meat, representing 100.0% of total export flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Trinidad and Tobago in kind, 2017-2020
Exports in value, $ US
Annual dynamics of product's exports from Trinidad and Tobago in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
Between 2017 and 2020, Trinidad and Tobago's exports of non-rendered pig fat free of lean meat were almost exclusively directed to Germany, which accounted for 100.0% of total export value.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Trinidad and Tobago in value, 2017-2020
Imports non-rendered pig fat free of lean meat to Trinidad and Tobago
Imports in kind, kg
Import volumes showed significant fluctuations during this period. In 2018, imports reached their lowest point at 2 585 kg, representing a 95.1% decline. The following year, 2019, saw imports surge to 59 551 kg, marking a dramatic increase of 2 203.7% compared to 2018. Overall, imports varied by 23-fold between the peak in 2019 and the trough in 2018.
Annual dynamics of product's imports to Trinidad and Tobago in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (95.1%) | 2 203.7% | n/a | - |
Throughout the 2017-2020 period, Canada and the United States were the sole sources of Trinidad and Tobago's imports of non-rendered pig fat free of lean meat, together accounting for 100.0% of total import flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Trinidad and Tobago in kind, 2017-2020
Imports in value, $ US
Import values exhibited considerable volatility. In 2018, imports hit their minimum at 3 739 US dollars, reflecting an 88.6% decrease. The following year, 2019, saw import values jump to 43 014 US dollars, representing a substantial gain of 1 050.4% from the previous year. Overall, import values varied by 11.5-fold between the high in 2019 and the low in 2018.
Annual dynamics of product's imports to Trinidad and Tobago in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (88.6%) | 1 050.4% | n/a | - |
From 2017 to 2020, Canada and the United States together accounted for 100.0% of Trinidad and Tobago's import value of non-rendered pig fat free of lean meat, demonstrating a highly concentrated import market.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Trinidad and Tobago in value, 2017-2020
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